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Petroecuador awarded the company Petrochina International Co. Ltd. the export of 2.8 million barrels of fuel oil No. 6

With this export, income is estimated for $ 168.6 million for the Ecuadorian State.

With a differential of USD -2.98 per barrel, EP Petroecuador awarded the state company Petrochina International Co. Ltd. the export of 2,850,000.00 barrels of No. 6 fuel oil, by presenting the best economic offer and accepting the terms and conditions of this contest.

For this export, EP Petroecuador invited 35 companies qualified in the Suppliers Registry of the International Trade Management, of which four valid offers were submitted from the companies BB Energy Pte. Ltd., Glencore Ltd., Petrochina International Co. Ltd . and Trafigura Pte. Ltd.

The deputy general manager of EP Petroecuador, Pablo Luna, said that with this export, revenues of $ 168.6 million are estimated for the State.

Petroecuador modified the conditions for the sale of hydrocarbons

According to the terms and conditions of the contest, shipments of fuel oil No. 6 will be made in 15 shipments of 190,000.00 +/- 10% each and will be delivered between November 2021 and January 2022.

The sale of No. 6 fuel oil will be governed by the USGC HSFO International Marker.

According to Petroecuador, to guarantee the transparency of the bidding process, the opening of bids was led by representatives of the International Trade Management, and as observers the delegates of the Attorney General’s Office and Headquarters of Prevention and Control of Money Laundering of EP Petroecuador, as well as as a delegate from the Public Company Flota Petrolera Ecuatoriana (EP Flopec), in person, and from the Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources (ARC) and the representatives of the offering companies, remotely.

The hydrocarbon contests carried out by Petroecuador are broadcast on Facebook. (I)

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